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Open Banking is here A secure and easy way to share your data. Now that’s Banking that’s good for you.

What is Open Banking?

Open Banking is part of the Consumer Data Right regime which the Federal Government has introduced to allow all customers, both individuals and businesses to access and securely share their individual customer, account and transaction data information held by their banking institutions with Australian Competition and Consumer Commission (ACCC) accredited banking institutions.

Open Banking will give you greater control and access to your account information held at Australian Unity Bank. This means that you can now direct Australian Unity to share your banking information (known as “consumer data”) with ACCC authorised recipients securely online.

If you’re reviewing your existing banking arrangement or looking to switch some or all of your banking to another bank, Open Banking is intended to make this easier. Rather than having to collate banking histories, statements, and complete detailed transaction information you can now authorise your existing bank to share your information with another bank who you have specifically approached and authorised to offer you banking services.

For information on who is accredited by the ACCC to receive data through open banking, see the Australian Competition and Consumer Commission website.

Data sharing is here

If you are an Australian Unity Bank customer aged 18 and over and eligible to participate in CDR, you will be able to opt-in to securely share your account summary, balances and transaction history for open accounts with other banks and fintechs who are accredited recipients for:

Transaction and Savings Accounts

Term Deposits

Credit or Debit Cards

Home Loans (mortgages) and Offset Accounts

Personal Loans

How to share your data

1

Open Banking is an opt-in process, and can be started from the website or app of an accredited Open Banking data recipient. Select your financial institution and commence authorisation of sharing of your selected data with the data recipient.

2

You will be then directed to your financial institution's data sharing authorisation service and will be requested to enter your Australian Unity customer identification number.

3

A one-time password will be sent to your SMS security registered phone number. You’ll never be asked to enter your Australian Unity Internet Banking password to share your data.

4

Enter this one-time password and follow the prompts to confirm what data you’d like to share.

5

Your selected data will be securely shared with the selected accredited Open Banking data recipient using a secure connection.

Product information available for developers

Information about our savings, transactions, term deposits, credit card, home and personal loan products including features, eligibility, rates and fees are available via our dedicated product API portal.

You can access Australian Unity’s product data via the links below using the necessary parameters:


Explore our APIs

If you’d like to discuss your current banking arrangement with Australian Unity, please contact us on 1300 790 740, Monday-Friday 8.30am-5.30pm AEST.

Our Consumer Data Right Policy

Our Consumer Data Right Policy describes what data will be available for you to share, how to share your Australian Unity Bank data, what your rights are and how to make a complaint.


Consumer Data Right Policy

Benefits of Open Banking

Beyond having greater control of your banking data, Open Banking may change the way in which you compare and select services between organisations to better suit your situation.

Advantages are:

Get a better deal
Find products tailored and
personalised to your situation
Sign up more easily for certain
financial products
Save time and effort when
switching providers
Get a single view of your
finances across multiple banks
Benefit from increased
competition in the banking sector

Open Banking frequently asked questions

Chat with us

Whether it’s understanding terminology, you’re looking to apply or you have a question about your account we can help you with all your banking questions.

Speak with us today

Monday to Friday - 8.30am to 5.30pm AEST

Call 1300 790 740

Have us call you within 1 business day

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Important information

All loans and deposit products are issued by Australian Unity Bank Limited ABN 30 087 652 079 AFSL/Australian Credit Licence No. 237994

©Products and Services are issued by Australian Unity Limited ABN 23 087 648 888 and its subsidiaries Australian Unity Bank Limited ABN 30 087 652 079 AFSL/Australian Credit Licence No. 237994. Information provided is general information only and current at the time of publication and does not take into account your objectives, financial situation or needs. In deciding whether to acquire, hold or dispose of the products or service you should obtain a copy of the relevant Product Disclosure Statement (PDS) and Financial Services Guides and consider whether the products are appropriate for you. Copies are available at www.australianunity.com.au or by calling 13 29 39. Investment decisions should not be made upon the basis of past performance as this is not a reliable indication of future performance.

Any tax information provided here and in any disclosure documents is general in nature and is only intended to provide a guide on how tax may affect investors. Tax laws may change in the future and may affect an investor’s tax position. Investors should seek independent tax advice relevant to their particular circumstances.